DIFC Investments, which operates Dubai's financial free zone, reported a narrower loss for 2010 on Sunday, weighed down by its struggling real estate portfolio and said it planned to sell certain assets this year.
The company, which runs the Dubai International Financial Centre, posted a yearly loss of $272 million, compared with $562m in 2009.
Revenue slipped to $146.3m last year, from $152.2m in the prior-year period.
The company plans to divest certain assets in 2011 and said it expects valuations to improve.
The company, which runs the Dubai International Financial Centre, posted a yearly loss of $272 million, compared with $562m in 2009.
Revenue slipped to $146.3m last year, from $152.2m in the prior-year period.
The company plans to divest certain assets in 2011 and said it expects valuations to improve.
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